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FRP Holdings (FRPH) AI Stock Analysis
FRP Holdings
(NASDAQ:FRPH)
The overall score is constrained by a near-total collapse in profitability and an extreme P/E ratio, which are significant risks. The primary strength is the company's pristine, debt-free balance sheet, which provides a crucial safety net and prevents a lower score. Technicals are neutral and do not provide a catalyst. The company's ability to leverage its strong financial foundation to restore earnings is the key factor to watch.
FRP Holdings (FRPH) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $359.44M
- Dividend Yield
- ―
- Average Volume (3M)
- 106.78K
- Price to Earnings (P/E)
- 3537.7
- Beta (1Y)
- 0.35
- Revenue Growth
- 2.47%
- EPS Growth
- -98.22%
- Country
- US
- Employees
- 25
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Services
FRP Holdings Business Overview & Revenue Model
Company Description
FRP Holdings, Inc. is a company actively involved in diverse real estate ventures across the United States. Its operations are structured into four distinct divisions: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture....
FRP Holdings Earnings Call Summary
The call presents a balanced picture: tangible progress and meaningful long-term opportunities (Altman acquisition, a large $441M pipeline with ~$30M potential NOI, mining growth, improved industrial leasing activity, and strong liquidity) are counterbalanced by significant near-term operational challenges (sharp drop in commercial occupancy and segment NOI, multifamily underperformance in D.C., FFO pressure from higher costs and interest, and execution/timing risk on lease-up and stabilization). Management is optimistic and focused on converting embedded value into recurring cash flow, but the near-term outlook is mixed and contingent on execution.
Q1-2026 Updates
Positive Updates
Negative Updates
Company Guidance
FRP’s guidance emphasizes near‑term stability in NOI but continued pressure on FFO as lease‑up and development stabilization drive future improvement: full‑year 2026 NOI is expected to be roughly $37 million while FFO is “pressured” until industrial lease‑up and project stabilizations converge; Q1 produced ~ $8.9M of NOI and ~$3.6M of FFO ($0.19 per share) and the company closed the quarter with ~ $130M of liquidity; the Altman acquisition was ~ $33.5M and added ~1.6M SF of industrial development pipeline, contributing to a total development pipeline of ~ $441M of project costs with expected stabilized incremental NOI of ~ $30M; Commercial & Industrial totals ~807k SF at ~47.5% occupancy with ~423k SF available (≈ $3.3M of incremental annual NOI) and ~53k SF signed/LOI (≈ $1M annualized NOI); Mining & Royalties generated ~ $3.8M of NOI in Q1 (up $498k, +15% YoY); multifamily comprises ~1,827 units with Q1 NOI of ~ $4.1M and economic occupancy in the low‑90s in SC and high‑80s in D.C.; 2026 G&A is expected to be ~$15–16M, reported EBITDA‑based leverage appears elevated but asset‑level leverage and liquidity remain conservative, and management notes development starts are at the lowest levels since 2010—supporting a long‑term supply backdrop favorable to their infill industrial strategy.
FRP Holdings Financial Statement Overview
Summary
Financial performance is mixed. The balance sheet is exceptional with zero debt and a strong equity base (Score: 90). However, the income statement shows severe profitability collapse with a 0.2% net margin (Score: 25). Cash flow remains positive but is declining (Score: 60). The weighted average reflects a company with a fortress balance sheet but deeply challenged earnings.
Income Statement
25NegativeBalance Sheet
90Very PositiveCash Flow
60Neutral| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.37M | 42.85M | 41.77M | 41.51M | 37.48M | 31.22M |
| Gross Profit | 15.18M | 6.72M | 38.34M | 37.86M | 33.36M | 27.47M |
| EBITDA | 13.28M | 18.12M | 22.03M | 21.69M | 20.08M | 65.63M |
| Net Income | 96.00K | 3.33M | 6.38M | 5.30M | 4.57M | 28.21M |
Balance Sheet | ||||||
| Total Assets | 762.31M | 735.14M | 728.49M | 709.17M | 701.08M | 678.19M |
| Cash, Cash Equivalents and Short-Term Investments | 100.97M | 105.36M | 148.62M | 157.56M | 177.50M | 165.84M |
| Total Debt | 214.62M | 192.55M | 178.85M | 178.71M | 178.56M | 178.41M |
| Total Liabilities | 307.49M | 279.49M | 259.37M | 261.19M | 256.87M | 252.94M |
| Stockholders Equity | 428.95M | 428.51M | 423.10M | 414.52M | 407.14M | 396.42M |
Cash Flow | ||||||
| Free Cash Flow | 16.50M | 29.68M | 28.99M | 32.97M | 71.53M | 52.21M |
| Operating Cash Flow | 16.50M | 29.68M | 28.99M | 32.97M | 22.34M | 22.24M |
| Investing Cash Flow | -111.19M | -72.44M | -50.62M | -48.75M | -23.20M | 66.60M |
| Financing Cash Flow | 30.73M | -1.81M | 12.70M | -4.17M | 16.83M | -1.23M |
FRP Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRPH, the sentiment is Negative. The current price of 18.75 is below the 20-day moving average (MA) of 19.32, below the 50-day MA of 20.76, and below the 200-day MA of 22.42, indicating a bearish trend. The MACD of -0.59 indicates Negative momentum. The RSI at 33.78 is Neutral, neither overbought nor oversold. The STOCH value of 31.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRPH.
FRP Holdings Risk Analysis
FRP Holdings disclosed 25 risk factors in its most recent earnings report. FRP Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksFRP Holdings Peers Comparison
Overall Rating
CHCI82Outperform
ARL56Neutral
TCI53Neutral- FRPH50Neutral
STHO41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CHCI | 82Outperform | $184.66M | 7.35 | 35.60% | ― | 39.20% | 54.32% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| ARL | 56Neutral | $298.01M | 35.79 | 1.36% | ― | 6.77% | ― |
| TCI | 53Neutral | $431.36M | 53.72 | 0.95% | ― | 5.33% | 22.04% |
| FRPH | 50Neutral | $359.97M | 3537.74 | 0.02% | ― | 2.47% | -98.22% |
| STHO | 41Neutral | $90.25M | 6.12 | 5.29% | ― | -8.12% | ― |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FRPH | FRP Holdings Inc. | 18.75 | -4.55 | -19.53% | |
| ARL | American Realty Investors, Inc. | 18.45 | 2.59 | 16.33% | |
| CHCI | Comstock Homebuilding | 17.96 | 3.83 | 27.11% | |
| GYRO | Gyrodyne Company Of America | 4.30 | -5.58 | -56.46% | |
| TCI | Transcontinental Realty Investors | 49.93 | 5.63 | 12.71% | |
| STHO | Star Holdings | 7.47 | 0.07 | 0.95% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 06, 2026